The Michigan Department of Insurance & Financial Services (DIFS) is a state regulatory agency responsible for overseeing insurance and financial service industries in the state of Michigan. Established in 2013 through an executive order by Governor Rick Snyder, DIFS was created by combining the former Office of Financial and Insurance Regulation with other regulatory functions. DIFS regulates a wide range of financial entities including insurance companies, banks, credit unions, mortgage lenders, investment advisers, consumer finance providers, and other consumer financial services. The department is responsible for licensing, examining, and supervising financial institutions and insurance companies operating in Michigan. It also handles consumer protection by investigating complaints, enforcing state insurance and financial services laws, and providing educational resources to Michigan residents. The department’s key responsibilities include reviewing insurance rates and policy forms, monitoring the financial solvency of regulated entities, investigating fraudulent activities, and ensuring compliance with state and federal regulations. DIFS also plays a crucial role in implementing and overseeing aspects of the Affordable Care Act in Michigan, including the review and approval of health insurance rates and forms. The agency is headquartered in Lansing, Michigan, and operates under the authority of the Michigan Insurance Code and various other state financial regulations.